President Donald Trump urged the Senate to pass the Clarity Act—a key cryptocurrency bill—”in honor” of Sen. Lindsey Graham (R-S.C.).
The bipartisan crypto legislation, which establishes a comprehensive market structure for the industry, has been stuck in limbo since passing the House last summer.
Trump said it’s time for the upper chamber to act.
“In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act,” the president said in a July 13 Truth Social post.
He noted that China and other countries aim to “take complete and total control of the major financial ‘happening’” and artificial intelligence (AI)….